Cashback SBI and Flipkart Axis Credit Card are both cashback credit cards that are popular among users, especially online shoppers, as they offer decent cashback. The thing that attracts users to cashback credit cards is that they are simple; users don’t have to worry about the process of redeeming points.
Both cards provide rewards for online shoppers, but in different ways. The SBI Cashback card offers 5% cashback on online purchases. In contrast, the Flipkart Axis Credit Card offers 5% cashback on purchases made through Flipkart and Cleartrip, and 7.5% cashback on purchases made through Myntra.
As both credit cards are good contenders in terms of cashback credit cards, it can be confusing for users to decide which one to go with. In this article, we are going to discuss the features of both credit cards.
Annual Fee, Welcome Benefits, and More
The SBI Cashback Credit Card comes with a reasonable annual fee of ₹999 + GST, whereas the Flipkart Axis Credit Card has almost half the yearly fee, at ₹500 + GST. Flipkart Axis offers introductory benefits worth ₹350 for its users upon card activation. SBI Cashback, despite being the pricey option in this comparison, comes with no joining benefits. Refer to the table below for a side-by-side comparison of the two cards, including joining benefits and fee waivers.
| Particulars | Cashback SBI | Flipkart Axis |
| Annual Fee | ₹999 + GST | The First Year is Free; Next Year Onwards it will be ₹500 + GST. |
| Welcome Benefits | N/A |
|
| Annual Fee Waiver | Annual Fee Waived on Spends of ₹2 Lakh or More in a Year | Annual Fee Waived on Spends of ₹3.5 Lakhs or More in a Year |
Cashback Comparison
While Cashback SBI has a cashback criterion based on the nature of spending, whether online or offline, Flipkart Axis offers cashback based on the merchant cardholder’s spending. The rate of cashback is accelerated for partnering platforms, such as Myntra, at 7.5%. The table below compares the cashback earnings and redemption options for the two cards.
| Particulars | Cashback SBI | Flipkart Axis |
| Earning Cashback |
(Capped at ₹2,000 ) |
|
| Redeeming Cashback | Cashback Credited to Next Month’s Statement by Default | Cashback Credited to Next Month’s Statement by Default |
| Cahback Cap | Maximum ₹4,000 Cashback per Statement Cycle |
|
Lifestyle Perks
Neither of these cards offers any lifestyle perks, except for the 15% discount available with Flipkart Axis under the Axis Bank Dining Delights program.
| Particulars | Cashback SBI | Flipkart Axis |
| Dining Benefits | N/A | 15% Off Up to ₹500 at Partner Restaurants |
Bottom Line
The two cards are very simple, entry-level offerings from the respective banks, and do not have a lot of perks. Both available with a reasonable fee, low enough to help individuals start their credit card journey. If the cardholder achieves a certain spending level in a year, the cards also offer spend-based fee waivers. However, it is worth noting that Cashback SBI comes with a higher annual fee compared to Flipkart Axis, but it has a straightforward cashback system. If, as a user, you are unsure which online platform to spend on, Cashback SBI offers a uniform 5% cashback on online spend, which is capped at ₹2,000, and 1% on offline purchases, capped at ₹2,000, with a maximum cashback limit of ₹4,000 per statement cycle, making it ideal for users who spend primarily on online platforms.
However, Flipkart Axis offers an accelerated 7.5% on Myntra, 5% cashback on Flipkart itself and Cleartrip, and a 15% Axis Dining Delights discount. If you constantly shop from the platforms mentioned above, then you should surely opt for Flipkart Axis. Additionally, the Flipkart Axis Credit Card is free for the first year, after which an annual fee of ₹500+GST applies. This offer is valid till 31st March. However, customers who opt for the first-year free option will not be eligible for the joining benefits.
Get started on your Flipkart Axis Credit Card application today. Click the “Apply Now” button below!